RefBan

Referral Banners

Wednesday, August 1, 2012

Daily Investor Briefing: Wall Street ends down after no Fed...

Click to View in Browser
08/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street ends down after no Fed policy changes
NEW YORK (Reuters) - Stocks fell on Wednesday on disappointment the Federal Reserve offered no new measures to stimulate the economy and after a computer glitch at a brokerage triggered volatility shortly after the open.
Fed says economy may need help, keeps policy on hold
WASHINGTON (Reuters) - The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled more strongly that further bond buying could be in store to help a economic recovery that it said had lost momentum this year.
MetLife profit doubles on derivatives gain
(Reuters) - Profit at MetLife Inc , the largest U.S. life insurer, doubled in the second quarter after a huge gain on derivatives tied to falling interest rates, and operating results beat Wall Street expectations on double-digit growth in the Americas.
Companies add 163,000 jobs, but manufacturing falters
NEW YORK (Reuters) - U.S. companies hired more workers than expected in July, but continued weakness in the manufacturing sector pointed to sluggish economic growth.
U.S. auto sales remain soft in July
DETROIT (Reuters) - Major automakers reported U.S. auto sales for July that were somewhat softer than expected as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines.
U.S. raises pressure for euro zone crisis action
FRANKFURT/BERLIN (Reuters) - The United States raised pressure on euro zone leaders to take decisive action to solve the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting.
California judge rules in favor of HP in Itanium server case
SAN FRANCISCO (Reuters) - A California state court judge ruled in favor of Hewlett-Packard and against Oracle Corp in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers.
Madoff trustee seeks to block $410 million Merkin accord
NEW YORK (Reuters) - The trustee seeking money for victims of Bernard Madoff's fraud is trying to block a $410 million settlement resolving New York's claims against a money manager accused of secretly steering client money to Madoff.
BlackRock reorganizes, adds senior leadership
NEW YORK (Reuters) - BlackRock Inc on Wednesday announced that it has expanded its senior leadership team and reorganized its investment and client-facing businesses in an effort to grow its business.
Lenovo executive dismisses Nokia bid talk as "joke"
HELSINKI (Reuters) - A senior executive at Chinese personal computer maker Lenovo dismissed market speculation that the company was interested in buying struggling Finnish cellphone maker Nokia as a "joke."
Related Video
Saft Says: Fed sits on hands, pressure now on ECB action
Olympics turns London into ghost city
Related News

Companies add 163,000 jobs, but manufacturing falters

Ex-Morgan Stanley housing chief launches foreclosed home fund
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Before the Bell
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments: